Job Summary

Job Description

What is the opportunity?

The Intermediary AML Risk Assessment Lead supports the Intermediary AML Risk Assessment Senior Manager to meet all required targets. The role holder is predominantly responsible for the coordination and management of Periodic review risk assessment to be carried out and to support their manager to sign off the periodic reviews.

The role will be responsible for addressing any back book of remediation to a successful conclusion as well as embedding a robust control environment to manage BAU across our Intermediaries business (there may be some support required on the Core business as well).

The successful candidate will support their manager and work closely with the Client Support Services team and the 2nd line to detect and prevent emerging KYC client related risks in RBC BD. The role holder will also be expected to support their manager in leadership meetings and provide MI to keep management aware of the KYC risks and issues. Role holder will also partner with BDMs to address client queries and oversee client outreach.

The role holder will also be expected to partner with Second line teams to embed and support quality assurance (QA) and to comply with regulatory and compliance standards. The role holder may also be expected to support Intermediaries channel with training on standards.

What will you do?

Manage the pipeline of upcoming periodic reviews in conjunction with CSS team.

Partner with BDMs to address client queries and oversee client outreach.

Prioritise carrying out and signing off the periodic review risk assessments.

Partner with CFTs and Intermediaries business to raise concerns, suggestions and potential improvements in the onboarding, periodic review and trigger event process for considerations with AML Advisory, Client Services and other stakeholders.

Develop improvements to existing standards on AML/KYC controls in partnership with the 2nd line of defence.

Identify and critically analyse collected information and data, preparing documentation, and ensuring compliance with internal requirement and external regulations.

Continually develop knowledge on evolving market practices around AML related processes including KYC/client due diligence and enhanced due diligence/transaction monitoring and sanctions.

Provide regular MI to leadership teams to ensure management remain aware of emerging and key risks/overdue reviews and relevant issues, along with a plan to address. MI should be developed and distributed to appropriate fora (i.e. Wealth Management Committee / Client Facing Risk Committee).

What do you need to succeed?

Must-have

Proven experience within the financial services sector, ideally within a wealth management environment.

You will have experience in business controls with exposure to managing audit findings and raising/addressing self-identified issues appropriately.

Experience of collaborating across client facing, corporate functions and external parties to drive efficiency.

Nice-to-have

The following experience would be advantageous and desired but not essential; Onboarding, Enhanced Due Diligence, Screening, Sanctions, PEP and Adverse Media, Transactional Monitoring, offboarding / client exits.

What is in it for you?

We thrive on the challenge to be our best - progressive thinking to keep growing and working together to deliver trusted advice to help our clients thrive and communities prosper.  We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

Leaders who support your development through coaching and managing opportunities.

Opportunities to work with the best in the field.

Ability to make a difference and lasting impact.

Work in a dynamic, collaborative, progressive, and high-performing team.

Flexible working and hybrid options fully supported.

Agency Notice

RBC Group does not accept agency resumés. Please do not forward resumés to our employees, nor any other company location. RBC Group only pay fees to agencies where they have entered into a prior agreement to do so and in any event do not pay fees related to unsolicited resumés. Please contact the Recruitment function for additional details.

Job Skills

Anti-Money Laundering (AML), Communication, Data Gathering Analysis, Detail-Oriented, Financial Regulation, Fraud Risk Management, Group Problem Solving, Internal Controls, Operational Integrity, Process Management

Additional Job Details

Address:

12 SMITHFIELD STREET:LONDON

City:

London

Country:

United Kingdom

Work hours/week:

35

Employment Type:

Full time

Platform:

WEALTH MANAGEMENT

Job Type:

Contract (Fixed Term)

Pay Type:

Salaried

Posted Date:

2024-12-18

Application Deadline:

2025-01-12

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Inclusion and Equal Opportunity Employment

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
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We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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